This four-unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,295,900—positioned slightly above the $1,294,083 Fair Market Value. With a Condition Rating of 4, the property offers significant value-add potential through modernization of its 1955 infrastructure. Key features include an Exceptional Parking Ratio of 12 spaces and SB 9 Zoning potential for future development. This high-yield asset, boasting a 7.30% cap rate, is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term income growth and development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4045 Dennison Street Subject | $1,295,900* List Price | 0 | 0 | 3,649 | $355 | - |
A 947 S Sunol Drive Active | $1,249,900 List Price | 0 | 0 | 3,536 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955 and marketed primarily as an income-generating investment with development upside (SB 9). The description lacks any mention of recent renovations to kitchens, bathrooms, or major systems, suggesting the units are dated and likely require modernization and minor repairs to reach peak market value.
The property boasts an impressive estimated cap rate of 7.30% and a GRM of 11.04, offering investors a high-performing asset with strong immediate cash flow in a competitive Los Angeles market.
Featuring 12 parking spaces for just four units, this property provides a rare and significant amenity that enhances tenant desirability and adds substantial value in a high-density urban area.
The large corner lot combined with SB 9 eligibility offers significant long-term upside through potential lot splits or additional residential development, providing a hedge against market fluctuations.
Originally constructed in 1955, the property may require ongoing maintenance or capital improvements to modernize major systems and remain competitive with newer rental inventory.
The 'massive price reduction' noted in the description may indicate previous overpricing or buyer hesitation, necessitating a thorough review of the actual versus projected operating expenses.
**Massive price reduction!** 4045 Dennison Street, an exceptional four-unit investment opportunity situated on a prominent corner lot in the heart of Los Angeles. This income-generating property features a unique layout consisting of a duplex and two detached single-family residences, offering both privacy and flexibility for owner-occupants or savvy investors. Based on the current income and updated operating expense figures, the property reflects an estimated cap rate of approximately 7.30% and a gross rent multiplier of approximately 11.04, demonstrating strong income potential and attractive long-term upside. The expansive lot includes an impressive 12 parking spaces, a rare find in this area, adding tremendous convenience and value to the asset. Zoned with potential under SB 9, the property may offer future lot split or development upside. Buyer to verify all zoning, development, and SB 9 possibilities with the city. Perfectly positioned near key transportation corridors, major employment hubs, and vibrant neighborhoods, 4045 Dennison Street is a well-located, high-performing asset with flexible income, financing appeal, and future development potential. Do not miss your chance to secure one of the most versatile and strategic investment properties in Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,649 | 1,758 | 94% |
| Lot Size | 8,032 | 5,983 | 82% |
| Price | $1.30M | $750.0K | 94% |
| Price per sq ft | $355 | $408 | 29% |
| Built year | 1955 | 1922 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 138 | 6% |
Jun 1, 2026
$1,295,900
Initial Listing
Oct 24, 2017
$830,000
Public Record